Faculty of Economics and Commerce Department of Finance

Rob Brown
Professor

Biography

Rob Brown is a Professor of Finance. His previous academic appointments were at the University of Sydney and Monash University's Clayton campus, where he was head of the Department of Accounting and Finance for 6 years. A graduate of the University of Sydney, Rob is also a fellow of CPA Australia and a senior fellow of the Financial Services Institute of Australasia. He is a co-author of the widely used McGraw-Hill textbook "Business Finance", currently in its 10th edition. He has also undertaken consulting work for a range of clients in the public and private sectors and has considerable experience in short-course teaching for business clients, most recently for BHP Billiton and Roberts Research Group Pty Ltd. He is also a director of Acorn Capital Ltd, a specialist funds management company. His current research projects include the user cost of housing and the impact of analyst forecasts on stock prices.

Qualifications

MEc Syd FCPA, SF Fin

Teaching responsibilities

Introduction to Real Estate Analysis, Investments, International Finance 

Research Interests

management and regulation of financial intermediaries, analysts' forecasts, real estate finance

Professional Affiliations

CPA Australia, Financial Services Institute of Australasia, Accounting and Finance Association of Australia and New Zealand.

Grants and Awards

Australian Publishers' Award for Excellence in Tertiary Publishing 2006 (shared).

Dean's award for Excellent Teaching 2006

Publications

Journal Articles
  1. Brown, R.L., Chan, H.W.H. and Ho, Y.K.. Forthcoming. "Analysts' Recommendations: From which Signal Does the Market Take its Lead?", Review of Quantitative Finance and Accounting,
  2. Brown, R.L., Chan, H.W. and Ho, Y.K.. 2007. "Initiating Coverage, Broker Reputation and Management Earnings Forecasts in Australia", Accounting and Finance, 47 (3): pp. 401-422.
  3. Chan, H.W., Brown, R.L. and Ho, Y.K.. 2006. "Initiation of Brokers' Recommendations, Market Predictors and Stock Returns", Journal of Multinational Financial Management, 16 (3): pp. 213-231.
  4. Brown, R.L and Fang, V.. 2005. "Can the Choice of Interpolation Method Explain the Difference between Futures Prices and Swap Prices?", Accounting and Finance, 45 (2): pp. 199-216.
  5. Brown, R.L. and Fang, V.. 2004. "Using Forward Rate Agreements to Price and Hedge Interest Rate Swaps", Accounting Research Journal, 17 (1): pp. 71-76.
  6. Chan, H.W. and Brown, R.L.. 2004. "Rights Issues versus Placements in Australia: Regulation or Choice?", Company and Securities Law Journal, 22 (5): pp. 301-312.
  7. In, F., Fang, V. and Brown, R.L. 2004. "Australian and US Interest Rate Swap Markets: Comparison and Linkages", Accounting and Finance, 44 (1): pp. 45-56.
  8. In, F., Brown, R.L. and Fang, V.. 2003. "Modeling Volatility and Changes in the Swap Spread", International Review of Financial Analysis, 12 (5): pp. 545-561.
  9. In, F, Brown, R.L. and Fang, V.. 2003. "Links among Interest Rate Swap Markets: US, UK and Japan", Journal of Fixed Income, 13 (3): pp. 84-95.
  10. Mitchell, H., Brown, R.L. and Easton, S.A. 2002. "Old Volatility - ARCH Effects in 19th Century Consol Data", Applied Financial Economics, 12 (4): pp. 301-307.
  11. Brown, R.L., In, F. and Fang, V. 2002. "Modeling the Determinants of Swap Spreads", Journal of Fixed Income, 12 (1): pp. 29-40.
  12. Brown R.L., Flaherty, J. and Lombardo, R. 2002. "Determination of the Maximum Affordable Price for Negatively Geared Investments in Residential Property", Pacific Rim Property Research Journal, 8 (4): pp. 300-312.
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Books
  1. Peirson, G., Brown, R., Easton, S., Howard, P. and Pinder, S., 2009. Business Finance (10th edn)
  2. Brown, R.L., “Finance”, in Dainty, P. and Anderson, M., (eds.), 2008. The MBA Companion
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